Rise and Shine: Everything you need to know before the ASX opens

Good morning.

On Stockhead today, is this brain injury stock the next Neuren? How Bronwyn Barnes blazed a trail through mining, and a host of cashed up ASX juniors.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,159.84 (+0.55%)

Silver: US$24.32 (+0.65%)

Nickel (3mth): US$17,717/t (-0.25%)

Copper (3mth): US$8,577/t (+1%)

Oil (WTI): US$79.44 (+0.40%)

Oil (Brent): US$83.28 (+0.40%)

Iron 62pc Fe: US$117.96/t (+0.85%)

AUD/USD: 0.6621 (+0.90%)

Bitcoin: US$67,518 (+1.85%)

WHAT GOT YOU TALKING

Well it certainly can’t hurt to try:

A new study has found #cannabis *could* kill #melanoma. | #ASX #weed #stocks https://t.co/R7lpO2XZrH

— Stockhead (@StockheadAU) March 6, 2024

ASX SMALL CAP LEADERS

Thursday’s best performing small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

Code	Name	Price	% Change	Volume	Market Cap
ABE	Ausbondexchange	3.50	150.00	419,865	1,577,354
IMC	Immuron Limited	12.50	89.39	32,235,550	15,034,691
ADG	Adelong Gold Limited	0.45	50.00	1,872,904	2,153,967
CNJ	Conico Ltd	0.30	50.00	5,394,860	3,140,190
LRL	Labyrinth Resources	0.60	50.00	3,821,249	4,750,175
M4M	Macro Metals Limited	0.60	50.00	104,171,025	11,248,311
EMD	Emyria Limited	6.20	34.78	1,610,931	16,864,952
1AG	Alterra Limited	0.40	33.33	200,000	2,612,072
LSR	Lodestar Minerals	0.20	33.33	5,253,255	3,035,096
PEC	Perpetual Res Ltd	0.80	33.33	7,810,998	3,840,177
SFG	Seafarms Group Ltd	0.40	33.33	200,000	14,509,798
SLZ	Sultan Resources Ltd	2.30	27.78	4,426,088	2,667,421
MMM	Marley Spoon Se	5.40	25.58	566,556	5,062,149
ICE	Icetana Limited	3.50	25.00	150,000	7,409,596
EDE	Eden Inv Ltd	0.25	25.00	1,327,343	7,356,542
IEC	Intra Energy Corp	0.25	25.00	25,000	3,381,563
MCT	Metalicity Limited	0.25	25.00	5,943,160	8,970,108
TMK	TMK Energy Limited	0.50	25.00	7,834,223	24,490,317
PGM	Platina Resources	2.10	23.53	2,274,157	10,594,066
TOU	Tlou Energy Ltd	4.20	23.53	197,973	36,602,248
FBM	Future Battery	6.70	21.82	530,455	29,356,579
BSX	Blackstone Ltd	6.90	21.05	1,093,321	29,877,754
PNX	PNX Metals Limited	0.60	20.00	1,031,513	26,903,124
PUR	Pursuit Minerals	0.60	20.00	1,843,499	14,719,857
SUH	Southern Hem Min	4.30	19.44	91,791	21,258,927

Immuron (ASX:IMC) jumped 80% after announcing interim topline results confirming the efficacy of Travelan in preventing diarrhoea following a bout of enterotoxigenic Escherichia coli (ETEC). The study on 60 patients show that a single daily dose of Travelan is 36.4% effective in the prevention of moderate to severe diarrhoea induced by ETEC, when compared to the placebo group in the study. Around 66.7% protective efficacy against ETEC-induced severe diarrhoea was also observed in the patients taking Travelan, compared to the placebo group (secondary endpoint).

Heavy Minerals (ASX:HVY) has signed a non-binding Memorandum of Understanding with ABSS for the future sales of a minimum of 15,000 tonnes per annum of garnet to be produced at its Port Gregory Project for an initial three-year period. This offtake will account for approximately 10% of the Company’s annual future Garnet production at its Port Gregory Project and will be sold into the Australian and New Zealand sand blasting and water jet cutting markets by ABSS.

Widgie Nickel (ASX:WIN) says its Mt Edwards project has benefited from the Federal Government’s call to put nickel on the critical list, as that has propelled the project into feasible, standalone territory. Widgie says a fresh scoping study shows that it’s good for an 800ktpa standalone nickel concentrator producing 103,000tpa @ 10.1% Ni concentrate for 10,380 tonnes of contained nickel per year.

ASX SMALL CAP LAGGARDS

Thursday’s worst performing small cap stocks

Swipe or scroll to reveal full table. Click headings to sort:

Code	Name	Price	% Change	Volume	Market Cap
AXP	AXP Energy Ltd	0.10	-50.00	5,756,278	11,649,361
VPR	Volt Power Group	0.10	-50.00	343,790	21,432,416
SIH	Sihayo Gold Limited	0.10	-33.33	3,334	18,306,384
8VI	8Vi Holdings Limited	4.00	-28.57	15,950	2,347,040
1MC	Morella Corporation	0.30	-25.00	804,807	24,715,198
RIE	Riedel Resources Ltd	0.30	-25.00	181,731	8,895,343
RFA	Rare Foods Australia	3.00	-21.05	37,200	7,788,074
DOU	Douugh Limited	0.40	-20.00	1,005,892	5,410,345
H2G	Greenhy2 Limited	0.80	-20.00	50,000	4,187,558
KPO	Kalina Power Limited	0.40	-20.00	28	11,050,640
PRX	Prodigy Gold NL	0.40	-20.00	169,470	8,755,539
ROG	Red Sky Energy.	0.40	-20.00	2,541,200	27,111,136
VAL	Valor Resources Ltd	0.20	-20.00	221,391	11,472,533
TGN	Tungsten Min NL	5.80	-17.14	53,796	55,048,999
RMI	Resource Mining Corp	1.50	-16.67	122,246	10,662,261
88E	88 Energy Ltd	0.50	-16.67	23,622,614	150,744,375
ADD	Adavale Resource Ltd	0.50	-16.67	654,100	6,067,033
ECT	Env Clean Tech Ltd.	0.50	-16.67	8,720,137	17,185,862
ID8	Identitii Limited	1.00	-16.67	109,500	5,162,856
NME	Nex Metals Explorat	2.10	-16.00	167,655	8,813,313
JRV	Jervois Global Ltd	2.45	-15.52	19,456,347	78,373,100
DBO	Diabloresources	2.30	-14.81	178,501	2,782,929
OXT	Orexploretechnologie	2.30	-14.81	565,056	5,276,222
DRO	Droneshield Limited	59.50	-14.39	15,984,671	425,446,760
BCK	Brockman Mining Ltd	2.40	-14.29	30,000	259,846,500

Venture Minerals (ASX:VMS) has received a $1.05 million refund from the ATO from “significant R&D expenditure” on metallurgical testwork and studies at its Mount Lindsay tin-tungsten project in Tasmania during the previous financial year.

Camplify (ASX:CHL) dropped after Tourism Holdings (ASX:THL) sold its 14.14% holding in CHL at $1.90 per share, for ~$19.2m.